Payday Loans are predatory, but what is their effect at the local level? How do storefront payday lenders affect the communities in which they operate? What kinds of cities and towns have the highest concentrations of payday and title lenders? Do payday lenders disproportionately target certain groups? What is the long term effect of predatory lending on the community versus the county? Requirements: Financial experts, regulatory experts, personal finance writers.
What is the local impact of payday lending?